Green Dot Co. (GDOT) General Counsel Sells $305,775.20 in Stock

Green Dot Co. (NYSE:GDOT) General Counsel John C. Ricci sold 4,916 shares of Green Dot stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.20, for a total value of $305,775.20. Following the sale, the general counsel now directly owns 60,707 shares of the company’s stock, valued at $3,775,975.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Green Dot Co. (NYSE GDOT) traded up $0.87 on Wednesday, hitting $60.43. The stock had a trading volume of 226,514 shares, compared to its average volume of 355,454. Green Dot Co. has a one year low of $23.39 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $3,039.54, a price-to-earnings ratio of 34.98 and a beta of 0.96.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. equities analysts expect that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Shelton Capital Management bought a new position in shares of Green Dot in the 3rd quarter valued at $210,000. California Public Employees Retirement System increased its stake in shares of Green Dot by 17.7% in the 3rd quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock valued at $3,952,000 after purchasing an additional 12,002 shares during the last quarter. Crestline Management LP bought a new position in shares of Green Dot in the 3rd quarter valued at $1,013,000. Vident Investment Advisory LLC increased its stake in shares of Green Dot by 2.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock valued at $3,270,000 after purchasing an additional 1,383 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new position in shares of Green Dot in the 3rd quarter valued at $362,000. Institutional investors own 79.26% of the company’s stock.

Several analysts recently weighed in on GDOT shares. Zacks Investment Research raised Green Dot from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Monday, August 14th. Craig Hallum started coverage on Green Dot in a research note on Thursday, October 5th. They set a “buy” rating and a $70.00 price objective on the stock. Lake Street Capital lowered Green Dot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $44.00 to $55.00 in a research note on Wednesday, October 11th. Morgan Stanley set a $60.00 price objective on Green Dot and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Cowen restated a “hold” rating and set a $52.00 price objective on shares of Green Dot in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Green Dot currently has a consensus rating of “Buy” and an average price target of $53.36.

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About Green Dot

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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